South Korea's leading carrier SK Telecom announced it will invest 5 trillion won (USD $4.17 billion) in information and communications technology (ICT), including artificial intelligence (AI) and the Internet of Things (IoT).

Summerside, a city in Canada, has approved a deal to let Honeywell handle local energy management. After several months in waiting, the deal, which will cost US$3.6 million, was passed in a 6-to-2 vote.

Danalock, a leading provider of smart lock solutions for smart homes and businesses, announced that it has opened an office in Miami, Florida and named Bent Sorensen to lead the company's expansion in the Americas.

While smart home looks attractive to young people, not all of them have the financial means to obtain smart devices for their apartments. Roomrs, a New York City-based startup, is providing smart apartments in the city to young professionals at relatively low rates.

The 14th edition of the Guangzhou Electrical Building Technology fair, set to open on June 9, will highlight the latest technologies applied in electrical engineering, intelligent building and smart home markets.

MivaTek, the comprehensive mobile interactive video alarm, awareness and assurance services company, announced that it is separating into two division: Home8 Systems for all of its consumer product lines; and NxM Systems for its technology platform licensing and services division.